Hi everyone,

My CCTC ₹19 LPA fixed. My monthly EPF deduction is only ₹1,800 so I'm trying to plan my finances better.

-Should I stay with new tax regime or switch to old tax regime?
-Is it worth opting for VPF? If yes, how much do I contribute every month?
-Does NPS works for new regime?
-What investment strategy has worked well for me to reduce income tax and also build long-term wealth (VPF, NPS, etc.)?

Thanks!

like
Posting as :
works at
You are currently posting as works at

I think NPS is a better option in the long run. Under the new tax regime, up to 14% of your basic salary can be contributed to NPS through the employer, whereas under the old regime it was limited to 10%.

EPF interest is not market-linked; the government decides the interest rate. That has both advantages and disadvantages. Personally, I think the EPF interest rate may gradually decline over the long term.

Instead of investing additional money in VPF, I would prefer investing it in mutual funds for potentially better long-term returns.

As for choosing between the old and new tax regimes, it depends on your situation. If you claim deductions like HRA, home loan interest, etc., the old regime may be more beneficial. If you don’t have significant deductions, the new regime is generally a better choice.

like

Related Posts

This doesn’t look comfy.

Post Photo
like

Planning buy Audi Q7. Dealer says there are no rebates and offering the car at MSRP. I know we can get it for much lesser. Any tips about negotiating?

Have new car prices increased as much as used? Estimated market value of my car has increased by over $10k, so I’m considering selling it to upgrade. But if new prices have gone up as much, then it’s a wash and there’s no compelling financial reason to upgrade now.

How to find your legal team/ help? I am working on and iOS app and there are some legal areas I need straightened out before I sink anymore money into it. Where is a good place to find legal help

Hi all,
I have an offer for 16 LPA (fixed) + discretionary bonus
I have a HR round coming up soon with another company. Could somebody please suggest how much I should ask the other company for?
YOE: 3
Skill: Cybersecurity

like

Can anyone refer me at IQVIA?
YOE - 2.5
Tech Stack - R, SQL, Excel, Python

like

If anyone with experience is interested in applying to KPMG, I can refer you! Send me a direct message.

likefunny

Looking at how market is going up everyday no one is afraid of Jpow now. Doesn't matter if it's 50 or 100 basic points rate revision. With this speed SPY 500 by end of month. No fear left. Even shitcos have gone up 40% from their jan 24 lows. BTC 50k. This really scary for bears.

like

How is WLB at a MM fund different from a MF? I’ve heard MF are worse on average, but what makes it worse? Is it just the hours, or is the work also significantly different?

like

Anyone with insight on Tenzing Private Equity? Everything notable is appreciated!

Hello All,

I have been working in Accenture as an ETL Admin from past 4 Years.
Is there any opening as such in Kolkata/Delhi location?

Thanks in advance,

Kind Regards,
Rabi

like

Hi fishes,
I was selected for a l3 role via IJP in the 1st week of may and the hiring manager informed me via email that i had been selected for the role and requested confirmation to proceed with offer letter generation. I didn't hear anything from HM after that. When can I expect to receive an internal offer letter? Should I contact HM to know about the status ? Please provide some insights. TIA :)

like

Anyone have a capital one venture x referral?

like

Could you seriously date someone who isn't on the same financial level as you?

like

I’m looking to learn Database Management, SQL, Oracle, etc. No experience! Any suggestions on where to start?

like

Hi everyone, in ds-160 I am not able to fill last 5 years of employment data. After adding two employers the Add Another button is disabled, anyone experiencing the same?

Hello everyone! This is my first time posting since joining this platform. I’m interested in connecting with someone who is open to HR mentoring. I’ve been in HR now for about six years and have never had a mentor. I’ve been relying mostly on SHRM and other people in the company for feedback. Even if it’s for feedback, I would really appreciate it. Thank you!

like

Is finding a Generalist position for more than 50k but with me having less than 7 years of HR experience reasonable? Is a generalist position the best next step to get more experience? I have a masters in HR and my SHRM-CP certification. Any advice on upward moving in the industry is welcomed. Thanks in advanced

likehelpful

Best way to prepare for SHRM ?
Any tips or resources that helped you pass the exam?

like

Is this legal? My spouses company just decided to change their comp structure for account managers. It was base + comm, now it’s commission only but nothing changed, OT commission is the same, didn’t get more points, just took away the base pay and said work harder basically. So now they have to worker harder to get $50k they were already making. (Not a decision based on employee performance, they’ve been crushing it. I think the company is just trying to save money they overspent else where)

like

Additional Posts in Tech India

Do you find your job intellectually challenging?

like

Might be off topic, but guys please, take care of your health. I've been rejected by all companies in the last 2 months.
I had my Walmart interview today and it went really well. And guess what? I got a rejection email.
I felt dizziness while working and fell down today.
I had to go to the doctor due to the anxiety and stress I was carrying since the last 2 months. It has affected my health.

It's important to push yourself to achieve your goals, but don't forget to "Live" in the process.

likehelpfuluplifting
like

How big an issue is sex discrimination in tech?

like

What are good plant protein brands in India?

likefunny

Need genuine advice

I am a Business Analyst
I worked in the same org for 5.5years and switched in march 2022. I was not allocated a project for 3 months hence changed the org and joined new in July 2022. Now its been 4 months and I am on bench here too with no project proposals coming in. Will it be a good option to go for another switch in comparatively secured organization considering current recession?

like
like

General Question!
According to the new Wage Rules, are companies giving Basic Salary as 50% of fixed Pay? Should we ask HR of our current company or the next company to actually do the same? Or the rule isn't a mandate and it's upon companies to follow it ?

like

Can someone throw some light on how wallet balance works in Zoho Zoho Corp . Couldn't reach any HR for the info?

like

How is sapiens guys I'm joining them as a Java developer

Suggestions on Product based Companies for "Business Analyst/Product Owner/Project Manager" Roles under US Healthcare domain would be of great help 😊

like

How much @Eli Lilly offers for 2 YOE data engineer?

2. Do they give hike based on cctc or have their own salary range?

likehelpful
like

Manyata folks,

How about hanging out today at some nearby Biriyani restaurant?

Agenda: Just to socialize

funny

Guys.. Please help..
- Jpmc(28 fixed + 8-10% Variable bonus) bangalore
- Deloitte India (28 fixed + 1.5 joining bonus) Gurgaon
- Current company (bofa) retaining with 45% now and 20% in end year (total ~28 fixed only).

CC: bofa
Yoe: 6
Current location: Dehradun/Gurgaon

Should I accept ans retain in the same company??
Please help

like

What's working and what's not in tech? What would you love to see change in the industry?

likeuplifting

Bangalore vs Hyderabad vs Pune.

Which place out of these would you say is best suited for settling down?

like

Is it a good Idea to switch after 6 months if project is not suitable or should stay for longer?

like

Hi All, I got an offer from London Stock Exchange as a Lead Data Scientist. Is it a good company to work with. They are offering 26LPA fixed and 3.25 Variable. #lseg @ London Stock Exchange

like

What are some resoruces you use to get a side hustle?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal